Robert Indiana’s estate is auctioning $4 million in art to cover mounting legal fees
ARTNET NEWS
By Henri Neuendorf
Robert Indiana’s estate is selling two works from the late artist’s collection to fund its ongoing litigation. The works, by Ed Ruscha and Ellsworth Kelly, could fetch a combined sum of more than $4 million when they hit the auction block at Christie’s post-war and contemporary day sale on November 16. The executor of Indiana’s estate, James W. Brannan, a lawyer in Maine, said the estate urgently needs money to cover mounting legal fees so it can continue to defend itself against a lawsuit filed in a Manhattan court. “Litigation is expensive, especially in New York,” Brannan said. The Ruscha work, Ruby, is estimated at $2 million-3 million, while Kelly’s Orange Blue is expected to fetch $900,000-1.2 million. [More]
By Henri Neuendorf
Robert Indiana's The Great American Love (Love Wall). Photo: TIMOTHY A. CLARY/AFP/Getty Images. |